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Consider the following table of bid -ask rates in American terms: Bid (American terms) Ask (American terms) USD/GBP USD 1.3038 = GBP 1 USD 1.3040

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Consider the following table of bid -ask rates in American terms: Bid (American terms) Ask (American terms) USD/GBP USD 1.3038 = GBP 1 USD 1.3040 = GBP 1 USD/CHE USD 1.0180 = CHF 1 USD 1.0184 = CHF 1 CHF/GBP Based on the information in the table calculate the bid ask quotes for the British Round in Switzerland. (2x4 -8 marks) TT T Arial 3 (12pt) Path: P Moving to another question will save this response

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